News Commentary

Gold Rises, Dollar Rises, Stocks Fall: The Cyprus Disaster Begins

"Over the weekend, Eurozone bureaucrats at a closed meeting came up with a plan. The committee demanded that the government of Cyprus impose a tax of 3% on all bank accounts under $130,000, and close to 10% on all accounts over $130,000. If the government refuses, the Eurozone will not provide a $13 billion bailout for the banks of Cyprus. The story is all over the European press, for good reason. The Eurocrats had always said that bank accounts would be sacrosanct. This announcement says, 'We lied.' But they also assured depositors that this will never happen again. 'Trust us.'" Continue reading →

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Believe a Politician and You Will Lose Your Money

"The president of Cyprus assured voters that he would never, ever tax their bank accounts. Now he says the government must do this. Any voter who heard this assurance should have gone to his bank immediately and withdrawn half of his money. Then he should have sent another 40% to a German bank. The other 10% he might have left in his bank to meet existing expenses. Anyone who left all of his money in the bank was a fool. He trusted the head of the country." Continue reading →

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The Will Of The People Doesn’t Mean Jack To Drug Warriors

"The Associated Press reports that eight former DEA administrators are urging the Obama administration to sue Washington and Colorado over their voter-approved moves toward marijuana legalization. Hopefully the administration will choose to ignore this thuggish recommendation. But if they do decide to litigate, this will be another sign that the feds don’t give a damn about the will of the people. Liberty-loving Americans should respond to this federal intrusion with a massive wave of civil disobedience. Let’s publicize the efforts of these authoritarians to undermine the voters of Colorado and Washington." Continue reading →

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The Guns of Zagreb

"None of this is exactly shocking, particularly given Croatia’s history in the 1990s of being a conduit for secret arms shipments with American backing. Zagreb’s military took a significant cut of the weapons – funded by Iran and Saudi Arabia – destined for Bosnia’s Muslims during that country’s civil war, which were routed through Pleso airport as well. America’s deep involvement only emerged later, when no one was really interested any longer. Similarly, no one wanted to ask too many questions back in 1995 when mysterious 'black flights' were dropping weapons to Bosnian Muslims, in violation of the UN arms embargo." Continue reading →

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Ron Paul: Congress, Drones and The Imperial Presidency

"The administration's outrageous response to the most serious Constitutional question of all − when a government can kill its own citizens − is clear evidence of an executive branch out of control. Many of the drafters of the Constitution envisioned the presidency as an office with very limited powers, but even the most dedicated proponents of a strong presidency at the time would be shocked to see the concentration of power in the modern presidency. Today the presidency is viewed as the center of the federal government, with each successive administration expanding the power of the executive at the expense of Congress and the people." Continue reading →

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Democrats Demand Reinstatement of The Draft

"You’ve got to drop your aspirations and either pick up a gun for peace or engage in some meekly paid community service position for two years (should you survive them with your soul intact). You were always bothered by the fact that federal financial aid came with the stipulation that you sign up for Selective Service. Now you realize how contracts work. You might complain about your post in the new Civilian Service Corps: Is your pay inadequate? Is your assigned position benefitting a local elite rather than those truly in need? Tired of killing women and children? Suck it up, soldier, er, 'public servant' – your wages are paid in glory to the fatherland." Continue reading →

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Balkanization of Syrian War

"Today the UK Telegraph is reporting that the United States has facilitated the shipment of some 3,000 tons of weapons left over from the Balkan wars of the 1990s to Syria via Croatia. This radical escalation on the part of the US and UK is in clear violation of the European arms embargo of Syria and similar US administration pledges. And where are these weapons ending up? The US is facilitating the transfer of sophisticated weapons to terrorists who utilize al-Qaeda in Iraq style techniques such as planting roadside bombs. Here are Syria's jihadist fighters showing off their latest gifts courtesy of the United States." Continue reading →

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Rodmania in North Korea

"The evidence only goes to show that the U.S. government rarely looks at itself in the mirror when pillorying and pummeling foreign countries. The United States does not need to befriend Kim Jong Un and the North Koreans—Dennis Rodman can do that. What it needs to do is disengage from the South Korean peninsula and let the now rich South Korea defend itself. North Korea will be much less prone to threaten the U.S. if it is not defending South Korea." Continue reading →

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Rand Paul’s Misplaced Celebration

"Neither Bush nor Obama have ever claimed the authority to assassinate innocent Americans. The authority they have always claimed has been to assassinate guilty Americans (and guilty foreigners)—that is, those people who are guilty of being terrorists. Well, guess who decides whether a person is a terrorist. You got it! The president makes that determination. And once he decides that a person is a terrorist in his global 'war on terrorism,' that’s the end of the discussion. Under our post-9/11 system of government, neither the president nor the military nor the CIA is required to explain, justify, or even acknowledge the assassination." Continue reading →

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